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Canadian Pacific to sell US Midwest railway line

Canadian Pacific to sell US Midwest railway line

Canadian Pacific Railway says it's seeking potential buyers for a U.S. line that stretches about 660 miles (1,060 kilometers) across several states in the U.S. Midwest.
It's the latest strategic move for the Calgary, Alberta-based company since a new board of directors installed Hunter Harrison as its chief executive officer in the summer.
Harrison is an American-born retired CEO of Canadian National Railway and is credited with turning the Montreal-based company into the most efficient major railway in North America.
Canadian Pacific said Tuesday that it's exploring strategic options for a line that runs from Tracy in Minnesota west into South Dakota, Nebraska and Wyoming.
CP assumed operation control of the line when it acquired Dakota, Minnesota & Eastern railroad in 2008.